HONG KONG SAR – Media OutReach Newswire – 10 April 2025 – CPA Australia’s latest Asia-Pacific (APAC) Small Business Survey 2024-25 reveals that the outlook for business growth this year for Hong Kong’s small and medium enterprises (SMEs) has slowed, though their hiring intentions remain strong. To combat uncertainties and rising competition, many are focusing on innovation and increasing their investment in artificial intelligence (AI).
The annual survey collected views from 4,236 small businesses in 11 markets across the Asia-Pacific region (including Singapore, Mainland China and Australia) to understand their business performance and outlook. The survey included 306 respondents from Hong Kong, with 65 per cent of the businesses surveyed reporting business growth in 2024, a notable rise from 57 per cent in 2023 and the strongest performance since 2017.
However, 57 per cent of respondents expect their business to grow in 2025, marking a sharp decline from last year’s 69 per cent growth projection. Confidence in Hong Kong’s broader economy mirrors this trend, with 68 per cent expecting economic expansion this year, down from 73 per cent in 2024.
